The Most-Liked Credit Card Issuers

Credit Cards

The Most-Liked Credit Card Issuers

The Most-Liked Credit Card Issuers

Consumers are once again feeling better about their overall finances as the effects of the recent recession fade, and that, in turn, may be what has led to another increase in satisfaction with their credit cards. Overall consumer approval of their credit cards has grown significantly in each of the last three years, according to… Read More

The 411 On Secured Credit Cards

Credit Cards

The 411 On Secured Credit Cards

The 411 On Secured Credit Cards

If you’re trying to establish or rebuild your credit, you’ve probably heard that a secured card is a good way to get started. With a secured card, you place a security deposit with the issuer and, in turn, get a major credit card — often quite easily. But is your security deposit safe? A reader… Read More

Paper or Plastic? Checks Aren’t Dead Yet, Merchants Say

Personal Finance

Paper or Plastic? Checks Aren’t Dead Yet, Merchants Say

Paper or Plastic? Checks Aren’t Dead Yet, Merchants Say

The check, as you may have heard, has lost its lofty place as a preferred method of payment. According to the Federal Reserve, checks constituted 30.5% of all noncash payments in 2006; just three years later, that figure had fallen all the way to 24.5%. And the numbers are far lower when it comes to… Read More

Getting a Home Loan Just Got Tougher

Mortgages

Getting a Home Loan Just Got Tougher

Getting a Home Loan Just Got Tougher

One of the nation’s two large government-sponsored backers of home loans recently revealed that it would tighten some of its lending restrictions for certain consumers. The company announced that it would change the requirements for both new borrowers and those who are refinancing existing home loans. Now the maximum loan to value ratios it will… Read More

In Missouri, Debtors’ Prison Is Alive and Well

Managing Debt

In Missouri, Debtors’ Prison Is Alive and Well

In Missouri, Debtors’ Prison Is Alive and Well

Debtors’ prisons may be illegal under the Missouri state constitution, but the practice of locking people up for unpaid debts is alive and well, according to recent reporting by the St. Louis Post-Dispatch. Using a little-known practice called “body attachments,” debt collectors, often working for payday lenders, regularly succeed in getting debtors thrown behind bars…. Read More

Durbin Pushing for New Student Loan Bill

Students

Durbin Pushing for New Student Loan Bill

Durbin Pushing for New Student Loan Bill

These days, student loan borrowers have a number of options available to them for financing their pursuit of higher education, and one well-known federal lawmaker is trying to give them a better understanding of those choices. U.S. Senator Richard Durbin, a Democrat from Illinois, recently called for the passage of a bill that is designed… Read More

The True Cost of Being Late on Credit Card Payments

Credit Cards

The True Cost of Being Late on Credit Card Payments

The True Cost of Being Late on Credit Card Payments

These days, millions of consumers are dealing with large amount of debt spread across their mortgages, student loans, auto financing and credit cards. Credit card debt can cause major problems for consumers who are not fully accustomed to handling it responsibly, especially if they are trying to pay down other debts as well. That’s because… Read More

Are Consumers Ready for the Mobile Wallet?

Credit Cards

Are Consumers Ready for the Mobile Wallet?

Are Consumers Ready for the Mobile Wallet?

These days, there is a lot of talk across a number of industries about whether consumers worldwide are ready to use mobile wallet payments for everyday purchases, despite that the technology is already available. Where in the past, the largest hurdle to consumer adoption of mobile wallet technology was simply that the necessary equipment wasn’t… Read More

Bank Pulling Your Credit Report? Don’t Freak Out.

Credit Score

Bank Pulling Your Credit Report? Don’t Freak Out.

Bank Pulling Your Credit Report? Don’t Freak Out.

We’ve all heard of being nickel-and-dimed to death, but what about getting credit-checked to death? A Credit.com reader wrote to us, worried this might be happening. After more than a year with the same checking account, now her bank notified her that it will begin to regularly pull her credit report. Our reader found this… Read More

Will a New Credit Card Change My Score?

Credit Score

Will a New Credit Card Change My Score?

Will a New Credit Card Change My Score?

Credit does not have to be complicated. At Credit.com, we sometimes receive questions that can be vexing to an average consumer, but to a true credit expert it is actually quite simple. Reader Mike Smothers asked us just such a question recently: “When a credit card company issues me a new credit card,” he wrote… Read More

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